Guide for Gandhinagar Residential Real Estate Investment

Gandhinagar is the capital of the Indian state of Gujarat. It has recently gained popularity as a residential area. It is located on the bank of the Sabarmati River and is close to Mumbai and southwestern Delhi. This connectivity of Gandhinagar to important states of India makes it a suitable place to live in. 

With a tropical climate, Gandhinagar has gradually developed as a residential area. As per a report of Census 2011, it has a total population of 284,000 in 2023. Gandhinagar Capital railway station and Sardar Vallabhbhai Patel International Airport have also enhanced their appeal with better transport facilities.

Read along to better understand Gandhinagar’s residential real estate sector and the investment opportunities here. 

Top Reasons to Invest in Residential Real Estate in Gandhinagar

If you are wondering if investing in the residential real estate of Gandhinagar will be beneficial, here are the top reasons for you to consider it.

  • Connectivity & Transport 

Gandhinagar offers good connectivity facilities to the residents. It is located near National Highway 147, which connects it to important states of India. Gandhinagar Capital and Ahmedabad are the two nearest railway stations that ensure transportation across Gujarat and different parts of India. Sardar Vallabhbhai Patel International Airport is also close. Additionally, Phase II of the Ahmedabad Metro is under construction, which will add to this benefit. 

  • Local Amenities 

Gandhinagar is super convenient for residents because of its local amenities. There are multiple good educational institutes here, including Vasu International School, Infocity Junior Science College, Swami Vivekanand Vidya Vihar, etc. Moreover, it offers healthcare services to residents through Radhe Multispecialty Hospital and Vachhani Hospital. Teen Darwaza and Gandhinagar Ravivar are the two marketplaces here. 

  • Infrastructure & Employment

Gandhinagar has been working on improving the infrastructure of the area. Its IT-ITeS sector is growing rapidly. With Gujarat’s development as India’s IT hub, this city can leave a prominent mark here. The industry for agricultural products contributes largely to the economy of this area. Apart from that, biotech clusters, food processing and textile companies also offer huge employment to the residents. 

Investment Opportunities in Residential Real Estate in Gandhinagar

  • Sargasan

This is one of the most popular residential areas in Gujarat. Gandhinagar Capital Railway Station is nearby, which ensures easy transportation. Acharya Career Academy and Kameshwar International School are the nearest educational institutes in this area. For marketplaces, you will find B Mart Super Market. Aashka Multispeciality Hospitals ensure healthcare support. 2 BHK apartments start from ₹30 lahks here. 

  • Kudasan

It is another popular residential area in Gujarat. Transport facilities are well-developed here with the Gandhinagar Capital Railway Station. Some of the popular educational institutes here include Make Easy Academy, the National Institute of Design, and the Merge Computer Institute. You can find supermarkets here, such as FarmTouch and Vishal Supermarket. 1 BHK apartments usually start from ₹32 lahks here. 

  • GIFT City

It is a business district in Gandhinagar, currently under construction. Once completed, it will be a global financial and IT services hub. Vallabhbhai Patel International Airport is the prime transport mode, which is only 12 km away. National highways also connect it. The top educational institutes here are Rangoli International School, Om Landmark School, and JMD Institute of Nursing. 1 BHK apartments start from only ₹25 lahks here. 

  • Adalaj 

It is a census town in Gandhinagar, which has attracted residents recently. Khodiyar Railway Station makes transportation much easier in this area, while Gandhi Nagar Cross Road is the nearest bus stop. SSIU, Arihant School of Pharmacy & Bio-Research Institute and Vidhya Vihar High School are some of the nearest educational institutes here. Sanjivani Hospital offers healthcare assistance. You can find 1 BHK apartment here starting from ₹20 lakh

Things to Consider Before Investing in a Residential Property in Gandhinagar

If you are planning to invest in Gandhinagar’s residential real estate properties, here are a few factors you must keep in mind to avoid making a mistake.

  • Safety Factors

When living in an area, it is of utmost importance to consider its safety. It is never advisable to live in an area that might lack safety measures. Thus, when investing in a residential property, ensure it has proper security guards and other safety measures like CCTV surveillance. Avoid such buildings that do not provide these services. 

  • Pollution & Traffic

Rapidly urbanising areas often suffer from issues like traffic and pollution. Residing in a heavy-traffic area can be a serious liability. Similarly, compromised air quality can take a toll on your health. Therefore, ensure the location is devoid of such problems when choosing a residential property in Gandhinagar.

  • RERA Registration 

The Indian Government came up with a statutory body called the Real Estate Regulatory Authority (RERA). It is meant to monitor the sale and purchase of real estate property in India, ensuring no unethical activities are involved in the transactions. Every builder must register a new building here to make it eligible for sale. Thus, you must check the website of RERA Gujarat to check if your chosen building is registered here.

Stamp Duty in Gandhinagar

You must be aware of the stamp duty charges in an area when purchasing its real estate properties. Here are the charges you need to pay in Gandhinagar.

Basic Rate of Stamp Duty3.5%
Surcharge @40% on basic rate1.4%
Total charge4.9%

Registration Charges in Gandhinagar

Buyers also need to pay registration charges to the Government while purchasing a real estate property. Here are the current registration charges in Gandhinagar.

Gender Registration Charge 
Male ownership 1%
Joint ownership of two male buyers 1%
Female ownership0% (No registration charge)
Joint ownership of a male and a female buyer 1%
Joint ownership of two female buyers0% (No registration charge)

Gandhinagar Residential Real Estate Sector – What’s the Forecast?

The real estate sector of Gujarat has been facing a boom recently. The state government has invested about ₹14,297 crores in urbanisation and real estate, contributing to assist in 55,000 new residential projects in this area. The growth of real estate is evident from the fact that Gujarat RERA has so far received applications for about 3880 real estate projects

Gandhinagar is growing as a residential hub in Gujarat. So far, there has been registration for 387 residential projects in this area. It is the third major city showing rapid growth in annual registration of real estate projects, after Ahmedabad and Vadodara. The development of various local amenities and close proximity to major industries have contributed to its growth as a residential area. 

Residential Real Estate Vs. Other Asset Classes

If you are hesitating to invest in residential real estate, here is a comparison between different asset classes to give you a better idea.

  • Residential Real Estate vs Commercial Real Estate

Real estate projects used for commercial purposes usually generate higher revenue. They are rented to individuals or groups who need to run their businesses. However, finding suitable tenants for such properties can be burdensome. Moreover, residential properties are preferable as they come with better tax benefits. 

  • Residential Real Estate vs Gold

Gold has evolved as an effective investment instrument, as its price is increasing rapidly. People often purchase gold jewellery items and use them as assets in times of need. It is preferable as it can be liquidated easily. However, the returns generated from gold are much lower than what comes from residential real estate investment. 

  • Residential Real Estate vs Stocks & Mutual Funds

Mutual funds are developing massive popularity among investors, mainly because they can generate high returns. However, the stock market is subject to fluctuations with the changes in the economic condition. This can be a major risk, which is much limited in residential real estate investment. 

  • Residential Real Estate vs Bonds

Bonds can be a good investment option if you are trying to avoid market fluctuation risks. They help generate more or less a uniform amount of ROI, irrespective of the economic condition. While the returns might be higher in residential real estate investment, the bond risk is much lower. You can expect stable returns here.

Do you wish to invest in top-rated bonds? Browse our website and start investing today without any additional charges. 

Are you still having doubts? Here is an easier comparison to give you a better account of the different asset classes.

ParametersCommercial Real EstateStocks & Mutual FundsGoldResidential Real EstateBonds
LiquidityLow High High Low Moderate 
RiskLow High Low Low Moderate 
VolatilityLow High LowLow Low 
Ticket SizeHigh Varies LowHighVaries 

Steps to Invest in Residential Real Estate in Gandhinagar

If you wish to invest in Gandhinagar’s residential real estate sector, here are a few steps to get you started. 

Step 1: Choose a location and decide on the local facilities you need. Fix a budget accordingly. 

Step 2: Start research to find suitable properties in the chosen location. Visit their locations and generate feedback. 

Step 3: Shortlist some buildings and compare their facilities and budget. Make a final choice.

Step 4: Contact the seller and discuss the terms. Consult a lawyer and assess all the legal documents. 

Step 5: Make your payments, including stamp duty and registration charges. Complete the process by getting an insurance policy for the new building. 

Final Word

Thus, Gandhinagar can be a great choice if you are planning to invest in residential real estate properties. It is growing as a commercial hub with numerous industries and employment opportunities. Moreover, its transport facilities ensure an easy journey to important parts of India. This makes it suitable for developing a residential area.

Frequently Asked Questions

Which is the best residential area in Gandhinagar?

Sargasan and Kudasan are currently two of Gandhinagar’s most popular residential areas. They offer good rates and local facilities to the residents.

Is real estate expensive in Gandhinagar?

The price of real estate is growing in Gandhinagar. Currently, it is quite affordable, starting from only ₹517, but it can increase to ₹1 lakh. On average, it is about ₹5,660 per sq. ft.

Is it beneficial to invest in the residential real estate of Gandhinagar?

Gandhinagar is one of the first smart cities in India. Moreover, it is growing as a commercial hub, ensuring high employment opportunities. This makes it beneficial for people to have houses in this area.

What are the documents required when purchasing residential real estate properties?

While purchasing residential real estate properties, you need to have access to documents like allotment letters, sale agreements, payment receipts, completion certificates, sale deeds, copies of building plans, etc.

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Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The article may also contain information which are the personal views/opinions of the authors. The information contained in this article is for general, educational and awareness purposes only and is not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision, whether related to investment or otherwise, taken on the basis of this article.